Banknifty future chart analysis for 31.07.2023

Lookslike a sideways, squeeze in bollinger band.it may take long time to
burst, may be in last one hour of monday or in tuesday. Whenever market closes near median
line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered.

if price goes above 45807, after breaking sideways or after spending some times below 45807, then it will reach 46010, 46010 is a super strong
resistance zone price may retrace from here to reach again median line.if price crosses above 46010 then it will easily achieve 46209.

if price goes below 45524 after breaking sideways then or after spending some time over 45524 then it cas esily reach to the level of 45141.